Mexico’s president says big bank loan shows confidence in Pemex. An $8 billion syndicated loan to Mexico’s national oil company Pemex
Browsing: Moody’s Investors Service
31 May 2018, News Wires – Moody’s Investors Service has cut India’s GDP growth forecast to 7.3 per cent in 2018,…
08 May 2018, News Wires – Wind farms have boosted local tax bases and generated new revenue as they expand across…
16 December 2017, Sweetcrude, Limassol, Cyprus — Moody’s Investors Service says its negative outlook for the African banking system in…
The Federal Government said since Nigeria was last rated by Moody’s as B1 stable in December 2016, the country had successfully emerged from a protracted recession and recorded important improvements across a broad range of indices.
“The associated local currency weakness increases the cost of servicing unhedged foreign currency debt obligations, reduces repatriated profits in foreign currency and lowers operating margins, as companies are not able to pass on high import costs to the consumer”, added Mr Bate.